Overview
What is Housing Partnership Of Chester County Inc?
Housing Partnership of Chester County Inc, located in Downingtown, Pennsylvania, is a dedicated nonprofit organization with a mission to enhance the living standards of low-to-moderate income residents in the region. Their primary activity involves offering support to individuals and families interested in purchasing a home within Chester County. Through their First Time Home Buyer's Program, they provide pre-purchase counseling and offer financial assistance in the form of a maximum loan of $20,000 for down payment and closing costs. This program aims to make homeownership more accessible for first-time buyers. With a workforce of eight employees, Housing Partnership of Chester County Inc aims to contribute positively to the community by providing affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three Stars)
The Housing Partnership of Chester County Inc has received a 79% rating from Charity Navigator, which translates to a Three-Star out of Four Star rating. This score is exclusively derived from the charity's Accountability & Finance metrics, indicating a strong emphasis on financial integrity and transparency.
The organization showcases several strengths, including a fully independent board and a high level of accountability in financial reporting. With a program expense ratio of 93.70%, a strong commitment to program delivery is evident, reflecting effective resource allocation towards its mission. Additionally, the presence of comprehensive policies regarding conflicts of interest and whistleblower protections further underscores its governance quality.
However, the charity's liabilities to assets ratio of 88.10% drew some attention, reflecting a potential area for growth in financial stability. While the organization demonstrates strong operational practices, stakeholders might consider the implications of this ratio when evaluating the long-term financial health of the nonprofit. Overall, the Housing Partnership of Chester County Inc appears to be a reliable organization with a solid governance framework and a focus on its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Partnership Of Chester County Inc legitimate?
Housing Partnership Of Chester County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Partnership Of Chester County Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $120,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,888
For more financial information, click here
What is the mission statement of Housing Partnership Of Chester County Inc?
Housing Partnership Of Chester County Inc's mission is centered around enhancing the living conditions of individuals with low to moderate income. Their primary objective is to facilitate the process of acquiring and maintaining decent, affordable housing for this demographic. To achieve this, they offer various programs, including their First Time Home Buyer's Program. This program provides pre-purchase counseling and a maximum loan of $20,000 for down payment and closing costs to first-time home buyers within the county. The ultimate goal is to significantly improve the quality of life for these individuals.
Who is the CEO of Housing Partnership Of Chester County Inc?
Kenneth R Hutton is the Executive Director of Housing Partnership Of Chester County Inc.
What is the revenue of Housing Partnership Of Chester County Inc?
Housing Partnership Of Chester County Inc's revenue in 2022 was $694,632.
Who are the executives of Housing Partnership Of Chester County Inc and what are their salaries?
The average compensation at Housing Partnership Of Chester County Inc during 2022 was $35,280. There are 8 employees and 13 volunteers at Housing Partnership Of Chester County Inc.
Here are 13 key members and their salaries:
- Compensation: $42,280
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- Other: $0
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- Compensation: $33,423
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- Compensation: $25,667
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- Other: $0
- Compensation: $18,984
- Related: $0
- Other: $0
Where can I find the form 990 for Housing Partnership Of Chester County Inc?
Housing Partnership Of Chester County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Housing Partnership Of Chester County Inc
Housing Partnership Of Chester County Inc is dedicated to enhancing the living standards of low-to-moderate income individuals in Pennsylvania. Their primary goal is to facilitate the acquisition and maintenance of decent, affordable housing for this demographic. By providing necessary support, they aim to significantly improve the quality of life for this community.
One of the ways Housing Partnership Of Chester County Inc achieves its mission is through its First Time Home Buyer's Program. This program offers assistance to low-to-moderate income individuals and families interested in purchasing a home within Chester County, PA. The program provides pre-purchase home ownership counseling and offers a maximum loan of $20,000 for down payment and closing costs to first-time home buyers. This initiative empowers individuals and families to become homeowners, thereby contributing to their long-term financial stability and overall well-being.
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Impact
July, 2024
Housing Partnership Of Chester County Inc's impact is significant in improving the quality of life for low-to-moderate income individuals and families in Chester County, PA. Through their First Time Home Buyer's Program, they assist individuals and families in purchasing a home by providing pre-purchase home ownership counseling and financial support for down payment and closing costs. By offering this program, they are helping more people achieve the dream of homeownership and access decent, affordable housing.
This information is meant to be a general summary of Housing Partnership Of Chester County Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $156
- Program Service Revenue: $334,751
- Gross Receipts: $694,632
Assets and Liabilities:
- Total Assets: $4,131,703
- Total Liabilities: $3,640,419
- Net Assets: $491,284
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Govt Grants Access
Revenue
$83,250
Govt Grants First Time Home Buyer
Revenue
$115,000
Govt Grants Home Maintenance
Revenue
$33,718
Govt Grants Rehabilitation
Govt Grants PHARE
Revenue
$111,685
Organization Details
Founding Year
1988
Phone
(610) 518-1522Principal Officer
Kenneth R Hutton
Main Address
41 West Lancaster Avenue, Downingtown, PA, 19335
NTEE Category
Code: L80 - Housing
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